©Jason MacConnell 2025 ALL RIGHTS RESERVED.
NPMA CPPS Certification Exam Questions
With Correct Answers A+
Property Management - Answer✔The exercise of a retaining or governing influence over the
acquisition, use, and disposition of personal property
Property Control Variety of Names - Answer✔Property Accounting, Fixed Asset Accounting,
Inventory Control, Material, Property Control, Asset Management.
Property Management Office PMO - Answer✔Department within an org that is responsible for
controlling or managing property
Property Manager - Answer✔PMO is headed by
Property Manager is responsible for: - Answer✔establishing, guiding, managing, and
maintaining an efficient property system, communicating effectively with other departments and
functions, and developing and presenting training in property related subjects
Property Control System is comprised of - Answer✔Property Management Personnel, processes,
and mgmt info. systems (MIS). (Written policies, procedures, operational guidelines, and related
records, and MIS that facilitates these functions).
If org contracts with the government, property manager must - Answer✔have a working
relationship with all sponsor reps
Ownership - Answer✔Having legal or rightful title to property
either owned by the org or is provided by a sponsor under some kind of agreement (sponsor has
ownership). - Answer✔Property is either owned by or provided.
Ownership of property allows the owner to - Answer✔make any and all decisions regarding the
property
It is the property professional job to support the property owner in - Answer✔making and
implementing effective decisions regarding the property
Duties, responsibilities, and potential penalties should be - Answer✔documented in a formal
agreement between the provider and the recipient (contract, grant)
, ©Jason MacConnell 2025 ALL RIGHTS RESERVED.
Accountability - Answer✔means to posses and have use of the property of another with
delegated duties and responsibilities, subject to penalty in case of default.
Those accountable - Answer✔do not have legal or rightful title to the property
Key elements of property accountability - Answer✔provider, recipient, specific duties and
responsibilities, and penalties in case of default
Who is accountable to who for property? - Answer✔Contractor is accountable to government. If
gov. provides funding to acquire the property, NASA is accountable to government.
Transfer of accountability - Answer✔When accountability shifts from one entity to another....
may or may not include physical relocation of assets, but will always include a change in
accountability for the property
Approvals for giving and accepting orgs - Answer✔both must have appropriate levels of mgmt
authority approval, and both contracting officers need to approve
Approvals for transfers - Answer✔must be obtain before the transfer occurs, in writing, either
within award doc, a letter, or email, and made part of the file for audit trail
transfer doc must include - Answer✔date of transfer, the purpose of the transfer, description of
property, contract numbers
Interdepartmental transfers - Answer✔These occur routinely within orgs, usually result of org
changes, shift of work between departments, or excess assets are needed by another department
Interdepartmental transfer occurs when - Answer✔property and accountability shift from one org
to another
confusion results when accountability rests above the department level. This is still sometimes
called interdepartment transfer, but - Answer✔it is a transfer of responsibility, not accountability
Responsibility - Answer✔means to be answerable for a trust or obligation. Less formal than
accountability
While accountability includes responsibility - Answer✔Responsibility does not include
accountability
Key distinction from property professionals standpoint (on accountability and responsibility) is
that - Answer✔one is accountable to someone for the property, and is responsible for certain
actions such as maintenance or storage
Property Control System must - Answer✔incorporate methods of safeguarding physical assets of
an org,
periodically verify their existence, status and condition of the property,
NPMA CPPS Certification Exam Questions
With Correct Answers A+
Property Management - Answer✔The exercise of a retaining or governing influence over the
acquisition, use, and disposition of personal property
Property Control Variety of Names - Answer✔Property Accounting, Fixed Asset Accounting,
Inventory Control, Material, Property Control, Asset Management.
Property Management Office PMO - Answer✔Department within an org that is responsible for
controlling or managing property
Property Manager - Answer✔PMO is headed by
Property Manager is responsible for: - Answer✔establishing, guiding, managing, and
maintaining an efficient property system, communicating effectively with other departments and
functions, and developing and presenting training in property related subjects
Property Control System is comprised of - Answer✔Property Management Personnel, processes,
and mgmt info. systems (MIS). (Written policies, procedures, operational guidelines, and related
records, and MIS that facilitates these functions).
If org contracts with the government, property manager must - Answer✔have a working
relationship with all sponsor reps
Ownership - Answer✔Having legal or rightful title to property
either owned by the org or is provided by a sponsor under some kind of agreement (sponsor has
ownership). - Answer✔Property is either owned by or provided.
Ownership of property allows the owner to - Answer✔make any and all decisions regarding the
property
It is the property professional job to support the property owner in - Answer✔making and
implementing effective decisions regarding the property
Duties, responsibilities, and potential penalties should be - Answer✔documented in a formal
agreement between the provider and the recipient (contract, grant)
, ©Jason MacConnell 2025 ALL RIGHTS RESERVED.
Accountability - Answer✔means to posses and have use of the property of another with
delegated duties and responsibilities, subject to penalty in case of default.
Those accountable - Answer✔do not have legal or rightful title to the property
Key elements of property accountability - Answer✔provider, recipient, specific duties and
responsibilities, and penalties in case of default
Who is accountable to who for property? - Answer✔Contractor is accountable to government. If
gov. provides funding to acquire the property, NASA is accountable to government.
Transfer of accountability - Answer✔When accountability shifts from one entity to another....
may or may not include physical relocation of assets, but will always include a change in
accountability for the property
Approvals for giving and accepting orgs - Answer✔both must have appropriate levels of mgmt
authority approval, and both contracting officers need to approve
Approvals for transfers - Answer✔must be obtain before the transfer occurs, in writing, either
within award doc, a letter, or email, and made part of the file for audit trail
transfer doc must include - Answer✔date of transfer, the purpose of the transfer, description of
property, contract numbers
Interdepartmental transfers - Answer✔These occur routinely within orgs, usually result of org
changes, shift of work between departments, or excess assets are needed by another department
Interdepartmental transfer occurs when - Answer✔property and accountability shift from one org
to another
confusion results when accountability rests above the department level. This is still sometimes
called interdepartment transfer, but - Answer✔it is a transfer of responsibility, not accountability
Responsibility - Answer✔means to be answerable for a trust or obligation. Less formal than
accountability
While accountability includes responsibility - Answer✔Responsibility does not include
accountability
Key distinction from property professionals standpoint (on accountability and responsibility) is
that - Answer✔one is accountable to someone for the property, and is responsible for certain
actions such as maintenance or storage
Property Control System must - Answer✔incorporate methods of safeguarding physical assets of
an org,
periodically verify their existence, status and condition of the property,
